Page 3 - Andhra Pradesh

Reliance to set up 10 gigawatt solar energy project in Andhra: Ambani

Reliance Industries Chairman Mukesh Ambani on Friday said his group will be investing in Andhra Pradesh to set up a 10 gigawatt renewable solar energy project. Speaking at the inaugural session of the two-day Global Investors Summit 2023 here, Ambani said under the determined and farsighted leadership of Prime Minister Narendra Modi, India has now become the fastest growing economy in the world. Similarly, Andhra Pradesh has grown phenomenally under the leadership of Chief Minister YS Jagan Mohan Reddy. "This morning, I am happy to announce that we will continue our investments and we will invest in 10 GW of renewable solar energy in the state of Andhra Pradesh, Ambani said. He further said Reliance has invested over Rs 1.50 lakh crore in its KG D-6 assets, developing and supporting gas pipelines. Today the natural gas produced by Reliance in KG D-6 basin was fuelling the country's clean energy transition and will contribute to nearly 30 per cent of its gas production. "This is

AP clinches investments worth Rs 13 trn at Investors Summit: CM Jagan Mohan

Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Friday said the state has received investment proposals worth Rs 13 lakh crore with an employment opportunity for six lakh people. Speaking at the inaugural session of the Global Investors Summit 2023 being held here, Jagan Mohan Reddy said the investment proposals are from Reliance, Adani Group, Aditya Birla group, Renew power, NTPC and Aurobindo Group among others. He reiterated that Visakhapatnam would become the executive capital of Andhra Pradesh in the days to come and he will be moving over to the port city. "It is a proud moment to announce that the state has received 340 investment proposals with an investment of about Rs 13 lakh crore providing employment to almost six lakh people across 20 sectors," he said. The Chief Minister further said MoUs worth Rs 11.85 crore will be signed today and the rest would be formalised on Saturday.

GMR Group to invest Rs 5,000 cr on Bhogapuram Airport in Andhra: GM Rao

The GMR Group which is in the process of developing an international airport at Bhogapuram near here will be investing Rs 5,000 crore on the aerodrome in the first phase. Speaking at the inaugural session of the Global Investors Summit 2023 being held here, GM Rao, chairman of GMR Group said the first phase of the airport will be developed to serve six million passengers per annum. "We will be developing Bhogapuram Airport with the first phase serving six million passengers and an ultimate capacity of 40 million passenger (per annum). The first phase investment will be to the tune of Rs 5,000 crore," Rao said. The airport will have state-of-the-art cargo facilities that will cater to exports and aerotropolis and airport city around the airport that will consist of an industrial zone, airspace zone and education and healthcare zones, he said. Rao further said the airport would replicate the success of Hyderabad aerodrome which will help in the transformation of Visakhapatnam city

Adani Group to set up 2 new cement plants, data centre in Andhra Pradesh

Adani group will set up two new cement manufacturing plants, 15,000 MW of renewable power projects and a data centre in Andhra Pradesh as it looks to double down on its presence in the state, Karan Adani, founder family's scion, said on Friday. The apples-to-airport group plans to double the capacity of the two sea ports it operates at Krishnapatnam and Gangavaram in the state, he said at the Andhra Pradesh Global Investors Summit here but did not give investment numbers. The investments will be on top of the Rs 20,000 crore already invested in the state, which created more than 18,000 direct and 54,000 indirect jobs. Adani, who is the CEO of the group's port company Adani Ports and SEZ Ltd and the son of group founder and chairman Gautam Adani, said the group will set up cement plants with total capacity of 10 million tonnes per annum at Kadappa and Nadikudi in the state as well as a 400 MW data centre in Visakhapatnam. This is the first public appearance from the Adani family in

Ambani, others bigwigs attend Global Investors Summit in Visakhapatnam

With the presence of industry bigwigs such as Mukesh Ambani of Reliance Group, GM Rao of GMR Group, founder-chairman of Cyient BV Mohan Reddy, the Global Investors Summit 2023 "Advantage Andhra Pradesh" began here on Friday. The sprawling sports grounds of Andhra University is hosting the two-day meet, where about 200 stalls have been set up, including over 30 showcasing the various advantages of investing in Andhra Pradesh in 13 crucial sectors identified by the government. The venue has five massive halls and each hall will host different events such as government-to-business (G2B) meetings, seminars, and meetings. Over 8,000 dignitaries and investors from across India and 40 other countries including China and USA are attending the event, a government press release said. Speaking at the inaugural session, AP Finance Minister Buggana Rajendranath Reddy said the dream is not only to re-establish AP as the industrial hub of the India but of the globe. "We have proximity to Chennai

Andhra investors summit likely to attract up to Rs 2 trillion investment

The Andhra Pradesh Global Investors Summit (GIS) is scheduled to be held on March 3 and 4

Investor summit to focus on investment in port-based industries, says Reddy

Andhra Pradesh will focus on attracting investment in post-based industries like green hydrogen and pumped storage power generation from renewable sources in its maiden global investor summit to be held this Friday and Saturday, Chief Minister YS Jagan Mohan Reddy said on Wednesday. The chief minister told PTI that top industrialists N Chandrasekaran, Mukesh Ambani, Kumar Mangalam Birla and Sajjan Jindal among others have confirmed participation at the forthcoming global investor summit. The state government is organising its maiden global investor summit in its proposed administrative capital Vishakapattnam this Friday and Saturday. Karan Adani of the Adani group, Naveen Jindal of the Jindal group, Sanjiv Bajaj of the Bajaj group, Puneet Dalmia of the Dalmia Bharat group, Sumant Sinha of Renew Power, GM Rao of the GMR group, Hari Mohan Bangur if Shree Cements, Preetha Reddy of Apollo Hospitals, N Srinivasan of India Cements and Dilip Shanghvi of Sun Pharma among others have also .

Andhra Pradesh CM banks on 'silent revolution' to attract investors

Over 8,000 delegates from across world expected to participate in investor summit that begins today

We want to make Andhra a logistics hub for south Asia: CM Jagan Mohan Reddy

The State is working towards integrated logistics-based infrastructure development, says YS Jagan Mohan Reddy, Chief Minister, Andhra Pradesh

Andhra Pradesh launches probe into fire at Apple supplier Foxlink

The factories department, which is responsible for ensuring the safety and welfare of workers in the state, has launched an investigation

Apple Inc supplier declares 30-day holiday at Andhra Pradesh plant

Production at the factory of Taiwan-based Foxlink, the cable supplier to technology giant Apple Inc, is likely to be hit as the company has declared a 30-day holiday for its employees, following the fire accident here. The company has declared holiday for a month to around 1,600 workers of the Jinkalamitta plant in Tirupati district, and directed them to return to their respective hometowns, an official said on Tuesday. The accident occurred on Monday. However, there was no loss of life, police said. They (Management) declared holidays for employees for 30 days, said Renigunta deputy superintendent of police (DSP) A. Ramachandra, who is monitoring the situation at the plant. Examining the mishap, he indicated that 30 days may not be enough. The contract manufacturer is yet to lodge any complaint, even as officials from the state factories and labour departments, along with insurance company representatives have started visiting the plant to estimate the quantum of loss. Meanwhile

Triveni Glass to invest Rs 1,000 cr in Andhra Pradesh for solar glass plant

Triveni Glass Ltd will invest Rs 1,000 crore to set up a 840 metric tonnes per day capacity solar glass manufacturing plant in Andhra Pradesh, the government said on Monday. The glassmaker will set up the plant at Pangidi in East Godavari district, which will create 2,000 jobs. Triveni Glass managing director Varun Gupta met Chief Minister Y S Jagan Mohan Reddy today and deliberated on investments in the southern state, which is on the cusp of holding Global Investors' Summit in Visakhapatnam on March 3 and 4, an official statement said. Reddy promised full cooperation to Triveni Glass and told Gupta that the State offers good human resources and other facilities, it said.

AP has 48,000 acres on offer for industries: Minister Gudivada Amarnath

Andhra Pradesh boasts of three industrial corridors passing through it with 48,000 acres of land set aside for industries, state IT and Industries Minister Gudivada Amarnath said at a roadshow in Hyderabad on Friday. He revealed the availability of such huge parcels of land for industrial allotment in the run-up to the Global Investors Summit (GIS) scheduled on March 3 and March 4 in Visakhapatnam. "Andhra Pradesh is the only state with three industrial corridors i.e Visakhapatnam-Chennai, Chennai-Bengaluru and Hyderabad-Bengaluru where we have 48,000 acres of land for industrial allocation," said Amarnath. According to the minister, AP is the only state in south India to get a bulk 'drugs park' as well as being consistently ranked number one for ease of doing business in the past three years. "With a new policy coming up for 2023-2028 in the next few days, we are aiming to create an inclusive and balanced regional development, promote startup culture and ensure skill development,"

Andhra Pradesh govt expects investors' meet to power green boom

Sitting on potential RE of 44 Gw of wind and 38 Gw of solar energy

Former Justice S Abdul Nazeer sworn in as new Andhra Pradesh Governor

Justice (Retd) S Abdul Nazeer was on Friday sworn in as the new Governor of Andhra Pradesh. Chief Justice of the Andhra Pradesh High Court Justice Prasanth Kumar Mishra administered the oath office to Nazeer at the Raj Bhavan here. Chief Minister Y S Jagan Mohan Reddy and his wife Y S Bharati, state ministers, legislators and top officials attended the swearing-in ceremony. High Court judges were also present. Nazeer succeeds Biswa Bhusan Harichandan, who has been shifted to Chhattisgarh.

We are a phone call away: Andhra CM YS Jagan Mohan Reddy to investors

The state is determined to preserve its reputation for ease of doing business with focused policies

Andhra Pradesh goes all out to woo investors ahead of investment summit

The key focus areas will be green energy, electronics and information technology, bulk drugs and pharmaceuticals, automobiles and electric vehicles, besides innovation and start-ups

Jagan lays foundation stone for Rs 8,800 crore JSW steel plant in AP

Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Wednesday laid the foundation stone for JSW Group's proposed steel plant at Sunnapurallapalle village in YSR Kadapa district. In the first phase, JSW steel will invest Rs 3,300 crore in the proposed plant and one million tonnes of steel per annum will be produced during the first year. The facility will be upgraded to two million tonnes per year in the second phase and will eventually reach three million tonnes capacity per annum. The total investment for all the three phases would be Rs 8800 crore, AP CM noted. Once the steel plant is set up, there will be an ecosystem developed with several ancillary units. Once the ecosystem is created, then the entire area would be transformed into a Steel City, Jagan said after laying the foundation stone. The CM said all necessary infrastructure such as road, power and water supply will be provided at an outlay of Rs 700 crore, to the plant. Jagan expressed hope that the steel plant would

Prez appoints 6 new governors; former SC judge S Nazeer named for Andhra

Four BJP leaders and former Supreme Court judge S Adbul Nazeer, who was part of the Constitution bench that upheld the archaeological report on Ayodhya, were among six new faces appointed as governors on Sunday. According to a Rashtrapati Bhavan communique, the resignations of Maharashtra Governor Bhagat Singh Koshyari and Lieutenant Governor of Ladakh R K Mathur have been accepted. BJP leaders Lakshman Prasad Acharya, C P Radhakrishnan, Shiv Pratap Shukla and Gulab Chand Kataria, who is also the Leader of Opposition in Rajasthan, were nominated as governors in Sikkim, Jharkhand, Himachal Pradesh and Assam respectively. Koshyari was replaced by Jharkhand Governor Ramesh Bais, while Mathur's place was given to Governor of Arunachal Pradesh Brig B D Mishra (retd). Retired Supreme Court judge Nazeer was appointed governor of Andhra Pradesh and Lt Gen K T Parnaik (retd) governor of Arunachal Pradesh.

Andhra govt clears Rs 1.10 trn proposal of NTPC for new energy park

Public sector power generator NTPC is to set up a New Energy Park at Pudimadaka in Anakapalli district of Andhra Pradesh to produce products out of green hydrogen, green ammonia and green methanol at a cost of Rs 1,10,000 crore in two phases. An official release on Tuesday said the Andhra Pradesh State Investment Promotion Board (SIPB) cleared a series of investment proposals to establish several heavy industries in the State. NTPC will set up New Energy Park at Pudimadaka in Anakapalli district to produce products of green hydrogen, green ammonia and green methanol with a total investment of Rs. 1, 10,000 crore in two phases with each phase receiving an investment of Rs. 55,000 crore, the release said. The first and second phases with employment opportunities to 30,000 and 31,000 people would be completed by 2027 and 2032 respectively. The Accord Group would set up a Rs 10,000-crore factory at Ramayapatnam to make special minerals like copper cathode, copper rod, sulfuric acid an